Episode
Property & Casualty Exam Prep 14, Negligence and Liability Basics
- Podcast
- Insurance Exam Prep
- Published
- Jun 16, 2026
- Duration seconds
- 194
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
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Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The four essential elements of negligence: duty, breach, causation, and damages. - How causation is a two-part test of both actual cause and proximate (foreseeable) cause. - The difference between contributory negligence, an all-or-nothing rule, and comparative negligence, which reduces recovery based on fault. - How to calculate liability payments in a comparative negligence scenario. - The definition of the assumption of risk defense and when it applies to a liability claim.